Homework Answers
related to (a), (b) and (c) please refer to the below image.
(d)
Total Assets of Any Co
Inc's
Current Assets
Accounts Receivable 65
Cash 35
Inventory 135
Total Current Assets 235
Fixed Assets 390
Less:Acc.Dep.175 215
450
Ans:(b)
(e)
Total Equity of Any Co
Inc.'s
Common Stocks 120
Retained Earnings 65
185
Ans: (c)
(f)
Net Working Capital= Total Current Assets-Total Current
Liabilities=235-65=170
Total Current Assets: Accounts receivable+Cash+Inventory=65+35+135=235
Total Current Liabilities: Accounts Payable+Accruals=35+30=65
Ans: (e)
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3. The following question(s) refer to the year-end account balances for AnyCo. Inc. (Note that the...
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how would i complete this balance sheet?
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how would i complete this balance sheet?
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